Offering less than “offers in the region of”

LEJC

Whilst it's not the only way to judge if an area is performing well house price wise,the article recently by the BBC did throw up some interesting variations.

pop both postcodes of the properties into the ward checker and see the results

http://www.bbc.co.uk/news/business-41582755

Interesting.

Whilst I'm still not saying that property 1 is the best buy.....I'm still not convinced that property 2 would be any more of a contender for me either.

aneary

LEJC wrote: »

Whilst it's not the only way to judge if an area is performing well house price wise,the article recently by the BBC did throw up some interesting variations.

pop both postcodes of the properties into the ward checker and see the results

http://www.bbc.co.uk/news/business-41582755

Interesting.

Whilst I'm still not saying that property 1 is the best buy.....I'm still not convinced that property 2 would be any more of a contender for me either.

You are though looking at this from an investor point of view, which could be what the OP wants but for all we know this could be their home for the next 20 odd years in which case it maybe that they want little maintenance and just to walk in (if I had three children that would be my preferred option and I was brought up living in building sites).

LEJC

aneary wrote: »

You are though looking at this from an investor point of view, which could be what the OP wants but for all we know this could be their home for the next 20 odd years in which case it maybe that they want little maintenance and just to walk in (if I had three children that would be my preferred option and I was brought up living in building sites).

I'm not looking from any point of view...investor or otherwise.

Although if you want me to give a more critical view...property 2 is done with a certain style that I believe will date quickly and need changing well before the 20 years you suggest are up to prevent it being viewed in the same way property 1 has faired over the years.

If the OP wasnt prepared to do any work on a property they,their partner and children were thinking of moving to then it seems rather strange that they were even considering viewing property 1...I think most will agree whilst its very habitable its also somewhat dated and may benefit from work being carried out to create their living space.

On the point of whether to look at a property purchase from an investment point of view,whilst I understand many people do buy properties because they want to live in them longterm and maybe are less worried about moving up a property ladder...even those people must at some point be thankful that their property appreciated in value over the time they lived there!
Again I can't imagine that there are many homeowners who are in negative equity who wouldn't gladly sell at the price they paid if they could .....if only to get their initial investment back.

The general trend I believe is that property does appreciate in value over time, falling house prices only really have any affect on those who need to sell when the prices drop.

If the OP wants a no maintenance property and isnt interested in an investment in to it or out of it...then maybe they should consider renting in their preferred area.

aneary

LEJC wrote: »

I'm not looking from any point of view...investor or otherwise.

Although if you want me to give a more critical view...property 2 is done with a certain style that I believe will date quickly and need changing well before the 20 years you suggest are up to prevent it being viewed in the same way property 1 has faired over the years.

If the OP wasnt prepared to do any work on a property they,their partner and children were thinking of moving to then it seems rather strange that they were even considering viewing property 1...I think most will agree whilst its very habitable its also somewhat dated and may benefit from work being carried out to create their living space.

I think they are looking at it because they want to move to that area and that happens to be the only home there that falls in there price range. Unless you live in that area looking on Rightmove won't determine that. My parents want to move to 4 specific roads where they live looking at and comparing one house with another house on the next road wont be a comparison. The OP does seem more flexible than her other half though.

LEJC

aneary wrote: »

I think they are looking at it because they want to move to that area and that happens to be the only home there that falls in there price range. Unless you live in that area looking on Rightmove won't determine that. My parents want to move to 4 specific roads where they live looking at and comparing one house with another house on the next road wont be a comparison. The OP does seem more flexible than her other half though.

quite possibly the question or thought that I raised in post 11.

Crashy_Time

AdrianC wrote: »

You've never explicitly mentioned Haribo, I'll grant you that.

Don`t recall mentioning 3p either

ScorpiondeRooftrouser

tom9980 wrote: »

It's worth less than £200k but it's not rundown. The wardrobes need ripping out and a new kitchen but what is there looks in ok condition from the pictures. I would offer £190-5k max personally.

"Need" is a relative concept. I would move in and live with those wardrobes quite happily for the rest of my life or until they fell apart. I would do that with any wardrobe that was functional, regardless of what it looked like.

Cakeguts

Monkeychops16 wrote: »

Thanks all.

I was not impressed with it. It was just too small for our family, even if we extended. We could do the loft but not much space to extend the kitchen. The garden was smaller than it looked on the pictures. The car Port was a problem as someone touched on. The estate agent said it been over valued by an ex member of the team and the vendor didn’t want to come down based on that!

The other house however was lovely. It was a much bigger house with the big work done.

It’s me that would do the school run so that’s not too much of a problem. The owner said she thinks it would take 20 mins in the traffic. My partner liked the house but still not keen on the location. He wants to be closer to town, pubs etc. Not sure why with three kids!

This house has not had any offers yet but lots of interest.

Meadows Lane, Chester
http://www.rightmove.co.uk/property-for-sale/property-61878697.html

This house looks to me as if it is on a council estate. As such it is extremely overpriced. It should be around the same price as the 3 bed one. This is probably why there has been a lot of interest but no offers. It would be correctly priced if it wasn't on a council estate. For an ex council house it should be a lot cheaper because it is in not such a good area.